NOVEMBER Home of the CLHMS
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LEE COUNTY F LO RI D A
2023
LEE COUNTY
SINGLE - FAMILY HOMES
LUXURY INVENTORY VS. SALES | OCTOBER 2023 Inventory
Sales
Luxury Benchmark Price 1: $925,000 $7,500,000+ $6,400,000 - $7,499,999 $5,400,000 - $6,399,999
$4,600,000 - $5,399,999 $3,800,000 - $4,599,999
1
0
Total Inventory: 910
12
Total Sales: 82
0
41
38
5
63
1
76
2 58
7
$1,400,000 - $1,599,999
85
8
$1,200,000 - $1,399,999
1
176
20
$1,100,000 - $1,199,999
$925,000 - $999,999
Total Sales Ratio2: 9%
4
$1,600,000 - $1,799,999
$1,000,000 - $1,099,999
Buyer's Market 21
$2,600,000 - $3,199,999
$1,800,000 - $2,199,999
10
12
0
$3,200,000 - $3,799,999
$2,200,000 - $2,599,999
11
1
103
14 59
5
145
14
Square Feet3
Price
Beds
Baths
Sold
Inventory
Sales Ratio
-Range-
-Median Sold-
-Median Sold-
-Median Sold-
-Total-
-Total-
-Sold/Inventory-
0 - 1,999
$1,150,000
3
2
5
136
4%
2,000 - 2,499
$1,175,000
3
3
26
257
10%
2,500 - 2,999
$1,175,000
4
3
14
200
7%
3,000 - 3,499
$1,437,500
3
4
16
125
13%
3,500 - 3,999
$2,340,000
4
5
14
59
24%
4,000+
$1,250,000
5
6
7
133
5%
The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales Ratio defines market speed and market type: Buyer's < 14.5%; Balanced >= 14.5 to < 20.5%; Seller's >= 20.5% plus. If >100% MLS® data reported previous month’s sales exceeded current inventory.
LEE COUNTY
SINGLE - FAMILY HOMES
13 - MONTH LUXURY MARKET TREND 4 Median Sales Price
$1,424,363 $1,222,500
$1,217,352
$1,270,550
693
630
541
507
449
$1,300,000
Inventory
$1,300,000
$1,300,000
$1,310,000
784
788
812
Solds
$1,400,000 $1,200,000
761
753
62
65
79
96
96
138
141
160
127
Oct-22
Nov-22
Dec-22
Jan-23
Feb-23
Mar-23
Apr-23
May-23
Jun-23
105 Jul-23
$1,227,500
$1,250,000
739
785
$1,250,000
910
100
87
82
Aug-23
Sep-23
Oct-23
MEDIAN DATA REVIEW | OCTOBER TOTAL INVENTORY Oct. 2022
Oct. 2023
449
TOTAL SOLDS Oct. 2022
Oct. 2023
910 VARIANCE: 103 %
82 VARIANCE: 32 %
SALE PRICE PER SQFT.
SALE TO LIST PRICE RATIO
Oct. 2022
$
Oct. 2023
466
481 VARIANCE: 3 % $
62
Oct. 2022
Oct. 2023
96.10% 95.35% VARIANCE: -1 %
SALES PRICE Oct. 2022
Oct. 2023
1.22m
$
$
1.25m VARIANCE: 2 %
DAYS ON MARKET Oct. 2022
Oct. 2023
31
34 VARIANCE: 10 %
LEE COUNTY MARKET SUMMARY | OCTOBER 2023 • The Lee County single-family luxury market is a Buyer's Market with a 9% Sales Ratio. • Homes sold for a median of 95.35% of list price in October 2023. • The most active price band is $1,100,000-$1,199,999, where the sales ratio is 14%. • The median luxury sales price for single-family homes is $1,250,000. • The median days on market for October 2023 was 34 days, up from 31 in October 2022.
Square foot table does not account for listings and solds where square foot data is not disclosed. 4 Data reported includes Active and Sold properties and does not include Pending properties.
3
LEE COUNTY
ATTACHED HOMES
LUXURY INVENTORY VS. SALES | OCTOBER 2023 Inventory
Sales
Luxury Benchmark Price 1: $575,000 $3,000,000+ $2,600,000 - $2,999,999
$1,700,000 - $1,899,999
7
1
$2,200,000 - $2,599,999
$1,900,000 - $2,199,999
34
1
0
22
3
36
3
41
4 7
2
$900,000 - $999,999
55
4
72
8 54
4
$600,000 - $649,999
1
46
7
$700,000 - $799,999
$575,000 - $599,999
Total Sales Ratio2: 10%
11
$1,100,000 - $1,299,999
$650,000 - $699,999
Buyer's Market
14
0
$1,300,000 - $1,499,999
$800,000 - $899,999
Total Sales: 52
17
2
$1,500,000 - $1,699,999
$1,000,000 - $1,099,999
Total Inventory: 520
50
7
54
6
Square Feet3
Price
Beds
Baths
Sold
Inventory
Sales Ratio
-Range-
-Median Sold-
-Median Sold-
-Median Sold-
-Total-
-Total-
-Sold/Inventory-
0 - 999
NA
NA
NA
0
37
0%
1,000 - 1,499
$817,000
2
2
6
101
6%
1,500 - 1,999
$641,000
3
2
12
141
9%
2,000 - 2,499
$830,303
3
3
21
116
18%
2,500 - 2,999
$1,228,075
3
3
8
70
11%
3,000+
$2,400,000
3
4
5
55
9%
The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales Ratio defines market speed and market type: Buyer's < 14.5%; Balanced >= 14.5 to < 20.5%; Seller's >= 20.5% plus. If >100% MLS® data reported previous month’s sales exceeded current inventory.
LEE COUNTY
ATTACHED HOMES
13 - MONTH LUXURY MARKET TREND 4 Sale Price
Inventory
Solds
$1,075,000 $970,000
$930,000
$870,000
$760,000
$720,000
460
447
387
335
287
247
194
$795,000
$742,500
$875,000 $744,500
$732,500
$745,000
455
422
420
39
41
39
50
70
92
90
98
Oct-22
Nov-22
Dec-22
Jan-23
Feb-23
Mar-23
Apr-23
May-23
520
455
415
54
43
75
Jun-23
Jul-23
Aug-23
$815,152
36
52
Sep-23
Oct-23
MEDIAN DATA REVIEW | OCTOBER TOTAL INVENTORY Oct. 2022
Oct. 2023
194
TOTAL SOLDS Oct. 2022
Oct. 2023
520 VARIANCE: 168 %
52 VARIANCE: 33 %
SALE PRICE PER SQFT.
SALE TO LIST PRICE RATIO
Oct. 2022
$
Oct. 2023
392
408 VARIANCE: 4 % $
39
Oct. 2022
Oct. 2023
98.52% 97.06% VARIANCE: -1 %
SALES PRICE Oct. 2022
Oct. 2023
870k
$
$
815k VARIANCE: -6 %
DAYS ON MARKET Oct. 2022
Oct. 2023
34
33 VARIANCE: -3 %
LEE COUNTY MARKET SUMMARY | OCTOBER 2023 • The Lee County attached luxury market is a Buyer's Market with a 10% Sales Ratio. • Homes sold for a median of 97.06% of list price in October 2023. • The most active price band is $1,000,000-$1,099,999, where the sales ratio is 29%. • The median luxury sales price for attached homes is $815,152. • The median days on market for October 2023 was 33 days, down from 34 in October 2022.
Square foot table does not account for listings and solds where square foot data is not disclosed. 4 Data reported includes Active and Sold properties and does not include Pending properties.
3